Cubist Systematic Strategies LLC Sells 228,324 Shares of Apartment Investment and Management (NYSE:AIV)

Cubist Systematic Strategies LLC decreased its stake in shares of Apartment Investment and Management (NYSE:AIV) by 55.2% during the fourth quarter, HoldingsChannel reports. The firm owned 185,172 shares of the real estate investment trust’s stock after selling 228,324 shares during the quarter. Cubist Systematic Strategies LLC’s holdings in Apartment Investment and Management were worth $1,683,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of AIV. Barclays PLC lifted its position in Apartment Investment and Management by 40.7% during the 3rd quarter. Barclays PLC now owns 658,083 shares of the real estate investment trust’s stock valued at $5,948,000 after acquiring an additional 190,440 shares during the period. Tidal Investments LLC lifted its position in Apartment Investment and Management by 180.7% during the 3rd quarter. Tidal Investments LLC now owns 40,601 shares of the real estate investment trust’s stock valued at $367,000 after acquiring an additional 26,136 shares during the period. JPMorgan Chase & Co. lifted its position in Apartment Investment and Management by 9.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 719,531 shares of the real estate investment trust’s stock valued at $6,505,000 after acquiring an additional 63,888 shares during the period. Nisa Investment Advisors LLC lifted its position in Apartment Investment and Management by 101.8% during the 4th quarter. Nisa Investment Advisors LLC now owns 81,869 shares of the real estate investment trust’s stock valued at $744,000 after acquiring an additional 41,293 shares during the period. Finally, abrdn plc lifted its position in Apartment Investment and Management by 30.6% during the 4th quarter. abrdn plc now owns 37,561 shares of the real estate investment trust’s stock valued at $315,000 after acquiring an additional 8,804 shares during the period. Institutional investors own 83.26% of the company’s stock.

Apartment Investment and Management Stock Up 2.4%

Shares of Apartment Investment and Management stock opened at $8.06 on Tuesday. The company has a debt-to-equity ratio of 4.28, a quick ratio of 1.35 and a current ratio of 1.35. The company has a 50-day simple moving average of $8.18 and a two-hundred day simple moving average of $8.57. Apartment Investment and Management has a 52-week low of $6.89 and a 52-week high of $9.49. The stock has a market capitalization of $1.14 billion, a PE ratio of -4.66 and a beta of 1.38.

Apartment Investment and Management (NYSE:AIV) last released its quarterly earnings data on Thursday, May 8th. The real estate investment trust reported ($0.10) earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.02. The firm had revenue of $52.35 million during the quarter, compared to analysts’ expectations of $53.64 million. Apartment Investment and Management had a negative net margin of 119.76% and a negative return on equity of 68.04%. On average, analysts anticipate that Apartment Investment and Management will post -0.8 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Apartment Investment and Management from a “hold” rating to a “sell” rating in a report on Monday.

Apartment Investment and Management Profile

Apartment Investment & Management Co operates as a real estate investment trust that engages in the acquisition, ownership, management and redevelopment of apartment properties. The company was founded in 1975 and is headquartered in Denver, CO.